FMCG businesses such as ITC Ltd, Hindustan Unilever Ltd and Asian Paints Ltd and private lenders namely HDFC Bank Ltd and Axis Bank Ltd were among top losers from the index.
The 30-share BSE Sensex pack climbed more than 700 points to hit above 71,050 level, while the broader NSE Nifty index moved over 200 points to trade above 21,450.
The benchmark index has surged 22.5% over the last nine months, riding a sustained push from retail investors who have pumped money into the stock market through mutual funds and direct investments.
How is the market surge linked to the BJP's win the recent Assembly polls? What other factors are responsible for the rise in benchmark indices? We explain
The 30-share BSE Sensex pack rallied more than 1,150 points to hit an all-time high of 68,645.23, while the broader NSE Nifty index moved over 300 points to trade at a fresh record peak of 20,624.10.